A driver talks on the phone while sitting in their stalled car on a flooded street.
While it’s nice that as a resident of Florida, we get to skip paying a state income tax, we see lots of other expenses that offset that.
It’s in the news constantly lately that home owners insurance companies are leaving the state. Those that continue to insure Florida homes are doubling, tripling and sometimes quadrupling their rates. The cost of homeowners insurance is getting so out of control that many just roll the dice and go without.
But that’s not the only thing we pay more for in Florida than the rest of the United States.
Based in New York, Stephen Freeman is a Senior Editor at Trending Insurance News. Previously he has worked for Forbes and The Huffington Post. Steven is a graduate of Risk Management at the University of New York.